Definition
There is still no consensus about the definition of social entrepreneurship (Choi and Majumdar 2014), but a definition should logically draw upon entrepreneurial processes that require opportunity exploitation and resource (re)combination processes (Newth and Woods 2014). Therefore, the following scientific working definition can be adopted:
Social entrepreneurship is exercised where some person or group: (1) aim(s) at creating social value, either exclusively or at least in some prominent way; (2) show(s) a capacity to recognize and take advantage of opportunities to create that value (“envision”); (3) employ(s) innovation, ranging from outright invention to adapting someone else’s novelty, in creating and/or distributing social value; (4) is/are willing to accept an above-average degree of risk in creating and disseminating social value; and (5) is/are unusually resourceful in being relatively undaunted by scarce assets in pursuing their social venture. (Peredo and McLean 2006...
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Lubberink, R. (2019). Social Entrepreneurship and Sustainable Development. In: Leal Filho, W., Azul, A., Brandli, L., Özuyar, P., Wall, T. (eds) Decent Work and Economic Growth. Encyclopedia of the UN Sustainable Development Goals. Springer, Cham. https://doi.org/10.1007/978-3-319-71058-7_47-1
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